Singer reports solid June as people increase spending on durables

Singer (Sri Lanka) PLC reported some solid top and bottom-line performance in the three months ended in June 2025 supported by all its business segments as consumers splurged on consumer durables such as electrical and electronic appliances, furniture, sewing machines and the likes as the prices remained low while the financing cost came down.

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The company reported revenues of Rs.27.53 billion for the April - June period, the company's fiscal first quarter, up by a robust 44 percent from the same period a year ago.

The group's home appliance segment saw its revenues rising by 32.6 percent to a massive Rs.9.79 billion while the consumer electronics segment saw its share of revenues rising even better at 38.9 percent to Rs.2.94 billion from a year ago levels.

The digital products segment which has the personal computers, laptops and mobile phones saw its revenues jumping 53.1 percent to Rs.5.75 billion for the quarter.

The group's furniture segments saw its revenues rising by 54.9 percent to Rs.1.57 billion in the quarter.